Bahrain's Al-Salam and Al-Ijara sukuk both 100% subscribed

The Central Bank of Bahrain (CBB) has announced that the monthly issue of the Sukuk Al-Salam Islamic securities has been fully subscribed. Subscriptions worth BD43 million were received for the BD43 million issue, which carries a maturity of 91 days.

The expected return on the issue, which begins on 21 March 2018 and matures on 20 June 2018, is 3.17% compared to 3.13% for the previous month's issue on 21 February 2018.

The monthly issue of the short-term Islamic leasing bonds Sukuk Al-Ijara, have also seen 100% subscription, CBB said. Subscriptions worth BD26 million were received for the BD26 million issue, which carries a maturity of 182 days.

The expected return on the issue, which begins on 15 March 2018 and matures on 13 September 2018, is 3.39% compared to 3.27% for the previous issue on 8 February 2018.

Sukuk Al-Salam and Sukuk Al-Ijara are issued by the CBB on behalf of the government of Bahrain.